Eduardo Reyes

Eduardo is 33 years old and has a grocery store. He lives in El Fortín (a peri-urban area of Guayaquil), which is characterized by its dirt roads and informal merchants.

He began his business two years ago with a wood perch. Little by little, he expanded his business with groceries to sell to his neighbors. Since then, the money has helped him to support his family. In the store he sells rice, sugar, etc.

He has a wife and two children who are 8 years old and 8 months old. They live in a house that is under construction, which is why he wants to use 50% of the loan to buy cement and paint, and the other 50% for rice and sugar. In the future, he wants to better build his house to provide his family with a better life.

Additional Information

About Banco D-MIRO

Banco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.